Results Based Leadership Essay Example | Topics and Well Written Essays - 750 words

Results Based Leadership - Essay Example al traits like character knowledge and values, but by using the conventional wisdom that leaders use to connect the their attributes and results, it is possible to know an effective leader. Effective leaders in all organizations try to accomplish results, which will benefit employees, the organization, customers and investors of the business. Leaders need to have a vision, inspire workers and others, and work with integrity just to name a few attributes that everyone agrees a leader should have. However, effective leadership will connect these leadership attributes with results, which are the outcomes of outstanding leadership. If leaders do not clarify the outcomes they expect, there will be no measurement of success or failure in operations, and this undermines the effectiveness and profitability of the business. Effective leaders need to focus on results to ensure that they understand the impact their decisions and development strategies have on the stakeholders of their business. For a business to be successful in the competitive market, it has to provide benefit to its stakeholders so that they can be able to help the business grow. Leadership attributes are of importance to a business, as they will dictate how the organization deals with the stakeholders. Having a vision will enable the business to attract customers and investors since they will be confident that their needs will be met. Authenticity of the leader will assure the outside world that they can trust the business, and this improves the image of the business. The leader also needs to be knowledgeable and have the skills of ensuring that there is a proper link up between attributes and results since the proper mix of the two determines if the leader knows and delivers the expectations of the stakeholders of the business. Result based leadership meets the expectations of the customer by answering questions such as; who are the targeted customers? Why do they buy the company’s products? How can

Cost- Benefit Analysis (CBA) of an oil fuelled power station Essay

Cost- Benefit Analysis (CBA) of an oil fuelled power station - Essay Example Sensitivity analysis also examined project's responses to varying discount rates. 2. Once constructed, the station will begin immediate delivery of electricity, and will continue to do so (at a constant rate) over a period of 45 years from its first operation. Its operational life is 45 years. A Cost Benefit Analysis (CBA) of the above project has to be done given the assumptions and cost/revenue details. An appropriate discount rate is essential for conducting a CBA.In the following paragraphs we would detail the reasons for choosing a particular discount rate. Thereafter sensitivity analysis would be conducted varying critical parameters of the CBA to conclude if such variations do affect accept/reject decisions materially. It would be followed by an appraisal report covering the CBA and the sensitivity analysis. The discount rate is the rate by which benefits/costs accruing in future project running period may be adjusted so that a comparison with present values is made possible. Conceptually this rate should be rate which is the equilibrium rate in demand and supply of savings in the present time. In order to save investors compare the value of current consumption to its future value and seek a rate of compensation required to curtail present consumption. An appropriate discount rate choice becomes important as funds are required